China's relay market has a stable position

Machinery and power are still the largest market for relay applications. They together account for more than 60% of the overall market share. Metallurgy and petrochemical industries are also the industries in which relays are used in large numbers. They together account for about 15% of the relay market; others such as traffic and cement. , Water treatment, paper, military and other industries will also use a large number of relays.

Omron has an absolute advantage in the mainland industrial relay market, and it holds a leading position in various sub-sectors. Izumi holds certain advantages in all major market segments of mainland industrial relays, but its market share in various sub-sectors is much lower than that of Omron. Companies that are more focused on the power industry, such as Panasonic and Tyco, have performed relatively well in the industry.

In addition, the low-end industrial relays in the mainland are also mainly used in the machinery and power industries, and their customers are mostly low-end machinery manufacturers or disk counters.

The industrial relay market will maintain steady growth in the next few years, and the market competition will not change much. On the whole, the industrial relay market in mainland China will maintain a relatively stable growth trend. With the improvement of the overall economic environment, the industry growth rate will increase. Increased.

At present, the overall competition pattern of the industry is relatively stable, and Omron holds the absolute advantage of the market. In the short term, it is difficult for companies to threaten their market position. Major companies like Izumi, Hongfa, and Schneider will continue to maintain a good momentum of development and continue to maintain their position as major suppliers in the industrial relay market.